I don't know if am right or wrong about this.

[Kara3]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

[1714219110]

1714219110

[BIT-BENDER]

Binance is a centralized exchange that’s my first red flag, decentralized exchange takes away the control from you even in your own funds and also many of them requires Kyc verification which is also an issue on your privacy protection.
Try out so decentralized exchange for trading like Bisq

Truth be told trading isn’t easy it requires critical thinking and if you jump into it hastily you may just be blowing your funds away. The best thing you can do for your friend if he keeps insisting first put a disclaimer let him know that there are possibilities for him to win and also for him to loose and you can help him with some educational instructions.

Here is a good educational instruction on trading.
https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[Oshosondy]

You have let him know the risks, then teach him. But always warn him and keep on telling him the risks. He should not use more than the amount of money he can afford to lose. For beginners, he should even use small amount of money that is lower than the amount of money that he can afford to lose.

Binance is a centralized exchange that’s my first red flag, decentralized exchange takes away the control from you even in your own funds and also many of them requires Kyc verification which is also an issue on your privacy protection.
Try out so decentralized exchange for trading like Bisq

He is talking about trading, he can only use those exchanges for spot and future trading, especially if it is scalping or day trading which are the riskiest. He can use smart contract decentralized exchanges too, but I will advice him to use centralized exchanges for convenience and more pairs, but he should not leave his coins on the exchanges, I mean the coins that are not used for trading. If he does not want to trade for some days, he should send his coins back to a noncustodial wallet.

[Beparanf]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.

How will your friend accused you of being a scammer when the market dip if he is the one trading his funds. You should explain well all the risk involved on trading and suggest only Bitcoin to buy on spot trading. This way, you will make yourself safe from committing a bad trading advice on newbie by avoiding shitcoin.

Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

There’s nothing wrong about it. He is the one who seek on learning trading. Just make sure that you let him trade on his own after teaching the basic. Tell the disclaimer to make you feel comfortable. Probably you didn’t gave him disclaimer that’s why you are feeling this way. Remember that you don’t have any responsibilities on his money.

[bitmover]

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I wouldn't do that.

Just advice him to buy bitcoin and withdrawal it to a personal wallet such as electrum.
Hols for about 5 years and that is it.

Much simpler and less risky.

Trading is a good way to lose money if you are a beginner.

[jeraldskie11]

Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

There’s nothing wrong about it. He is the one who seek on learning trading. Just make sure that you let him trade on his own after teaching the basic. Tell the disclaimer to make you feel comfortable. Probably you didn’t gave him disclaimer that’s why you are feeling this way. Remember that you don’t have any responsibilities on his money.

I think it's not right to let him trade on his own just by after reading the hard copy of trading course that you gave because it's too risky for him since I can feel that he was so greed to do a trade. It's better guide him trade like doing a live trading, letting him asking you a questions about crypto and answer it with all your heart and knowledge along with the trading course. In that way he can build his confident and avoiding one of the biggest risk in trading, a "lack of knowledge".

[pawanjain]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

If someone really wants to know what it is all about even after knowing all the risk then you should go ahead and tell him about it.
But keep reminding him about the losses you have encountered as well as show him the history of the crypto market.
Make him self aware about the fact that whatever losses he makes will be at his own will and that way you can pass this situation.
If someone really wants to try their luck then we can't help them but let them try it anyway.

[BIT-BENDER]

He is talking about trading, he can only use those exchanges for spot and future trading, especially if it is scalping or day trading which are the riskiest. He can use smart contract decentralized exchanges too, but I will advice him to use centralized exchanges for convenience and more pairs, but he should not leave his coins on the exchanges, I mean the coins that are not used for trading. If he does not want to trade for some days, he should send his coins back to a noncustodial wallet.

Yes that’s true and since no trader has privacy (but for the exception of no kyc required exchanges)then there won’t be any privacy issue. But one thing I can also point out is his friend is a newbie and many newbies aren’t versatile in their research if he starts him with a centralized exchange like binance in trading he may see binance as his go to place even for buying and selling of his Crypto,

but like you said it’s simpler for traders using centralized exchanges also using decentralized exchange has its down side too and one of them is that the conversation fees are very high especially on instant exchanges.

[mindrust]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
...

You shouldn't discuss these matters with your friends or family members especially when you are good at what you are doing. Some of them won't believe you, some will get jealous, some will want to learn and mess it up badly... In the end you will have to death with all those different people and it will become tiring. Why spend your energy on them while you can make even more money? In the end your friend will probably not get it right, lose money and blame you for it. Nope. Don't do that. It is best not talk about any money business at all.

[Mr.suevie]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

I think its all fine, since you said you have properly explained the risk involved when trading but I guess if am in your shoes I would have snubbed a introduction to trading especially when it crypto trading. The volatility involved in this type of trading increases the risk and human are found of many obnoxious behaviors and like you said it won't be any surprise if he/she eventually turns up and start blaming you when he/she experience losses in the trading classes. I have tried out trading myself but couldn't seem to work for although I was trading on synthetics and I concluded the trading to be one major term which is "advanced gambling" you can never be too sure so I left it and I won't try to convince any one to trading and definitely not crypto trade.

[Potato Chips]

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Lol. I feel you. Logically speaking, you're not at fault if such situation occur but then again people can be unreasonable during tough times and no one wants that kind of drama in their life.

Honestly, you don't have to do something you're uncomfortable at. They may be your friend but that doesn't mean you'll do whatever they want, no? Try to sit down with them and be honest about your worries - that you feel burdened about the whole thing and would feel some kind of responsibility in case something goes wrong. If they still insist, then just make up an excuse like it's because you're not confident with your knowledge/skills or a flat you're just as newbie as them.

[Zaguru12]

I wouldn't do that.

Just advice him to buy bitcoin and withdrawal it to a personal wallet such as electrum.
Hols for about 5 years and that is it.

Much simpler and less risky.

Trading is a good way to lose money if you are a beginner.

The best idea to advice a newbie coming into cryptocurrency but they wouldn’t aid to that advice because they want to earn on a daily basis and holding doesn’t gives them the profit they want in a short period of time.

Since he insisted I will only advise the OP to teach him the necessarily aspects like the fundamental analysis and the rest. Warn him not to invest money that is huge. It is better he starts with spot trading. Because if you are reluctant to teach him he would take as something. Just guide him through, we might learn from few loses.

[SOKO-DEKE]

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I don't see any harm in someone who introduces or provides advice about cryptocurrencies to someone who decided learn. sofar you don't collect any money from anyone, I don't think anyone will accused you of being wrong, whether you teach someone short trading or other in thing in crypto industry. But if I were you, I would advise that your friend to start by learning the fundamentals of the cryptocurrency industry as a Newbie to the system. Starting out trading as newbie in crypto industry is not always a good idea, and if he or she is motivated to join the system by the profits others are achieving, I would simply suggest that you tell him/her to purchase Bitcoin and hang hold it for a while in order to be on the safer side of the cryptocurrency market.

[isaac_clarke22]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Well you already told him the risk involved. It's entirely up to him whether he would trade or not. Not sure how Binance handle unverified accounts these days, but I would suggest to not verify the account of your friend first so he would at least test the waters if trading would be really for him as trading is not really meant for everybody including me. I had my horrible experience trading, although I learned a lot. It is just way of a mental stress for me to handle.

Not sure why would you feel uncomfortable about it, you already told him everything he needed to know before attempting to do trading.

I don't see any harm in someone who introduces or provides advice about cryptocurrencies to someone who decided learn. sofar you don't collect any money from anyone, I don't think anyone will accused you of being wrong, whether you teach someone short trading or other in thing in crypto industry. But if I were you, I would advise that your friend to start by learning the fundamentals of the cryptocurrency industry as a Newbie to the system. Starting out trading as newbie in crypto industry is not always a good idea, and if he or she is motivated to join the system by the profits others are achieving, I would simply suggest that you tell him/her to purchase Bitcoin and hang hold it for a while in order to be on the safer side of the cryptocurrency market.

This is also worth mentioning considering that OP didn't really collect any money from his "friend". There were no other projects involved. Another thing worth explaining to your friend is "why Binance over all other exchanges that you told him?" Surely he would be confused on why you chose Binance.

[Kgdktac]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long as you provided your friend with accurate information and made it clear that there are risks involved, you have done your part in guiding him,

the decision to invest in cryptocurrency or engage in trading should be made by each individual based on their own research and risk tolerance.

you did the right thing by explaining the risks involved from the Start. he'll learn eventually, by education or experience.

[Furious 7]

Well, in this case, it doesn't matter whether it's right or wrong, because of course all decisions come back to your friend.
But on the other hand, apart from talking about the risks, you also have to say that trading, especially being a day trader, is one of the actions that new people cannot do. Because seeing from your story, he is a new person in my opinion so in this case it is clear that it will be very difficult and even likely to be impossible to do.
Actually telling is something very good but for the sake of smoothness it's better to also tell him that he won't be suitable for trading because this besides requiring a strategy, this also requires a much more understanding than that and when just trying it without having the slightest basic knowledge it would just be like suicide.

[stomachgrowls]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I dont know but this one feels like on shilling out that crypto course or something or i might really be just that too advanced on thinking or paranoid when it comes to these things.
Lets talk back about that hindrance or the fear of being that getting blamed by someone whenever the market would really be making out some bad move or going against on the position
on what your friend had able to commit out. This is really just a simple problem which you could always tell them that the market is risky, invest and deposit only on the amount which you could afford to lose.
Dont make out some assurance to your friend so that he wont really be expecting something out from those words which it would really be just that simple.
Its not your responsibility if they would be losing up money out of their investment, as long you arent assuring them about on being simple or easy money to make via trading
then i dont really see a thing for you to worry up that much because we know that this isnt how the reality works.

[Lida93]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I see you're worried about your friend and you fear he might end up having series of losses and a blown account and which you don't want to have it blamed on you. It's an evidence of a good conscience you possess but the truth is that you ain't doing anything wrong at the moment. You have told him in clear term about the risks involved and he still persist in wanting to learn how to trade. So take him onboard, I believe his interest will drive him to be a good trader eventually.

 My candid advise to you is to make sure to also make it clear to your friend not to put into trading an amount he can't afford to lose. In this way since it's inevitable he  may make losses in the beginning he would only have to consider those losses as part of an experience in his trading journey and wouldn't be affected psychologically by the losses.

You talk about using binance for your trading, hope you understand binance is a centralized exchange and it's risking leaving your money their especially in periods you ain't trading. Why not create a non-custodial wallet where you would have your money stored there only to use it on binance when trading and a return to your wallet after being done with your trade. It's important. I'll want to use this opportunity to introduce to you AgoraDesk, a no KYC exchange platform for your convenience and privacy. You might want to give it a try.

[DoublerHunter]

~snip~
 I don't know if am wrong or right for opening up, even though I told him of the risk involved.

^Open up all the risks that will probably he encounter and let him know the potential losses I think, your friend is not a kid anymore and he has a wise decision too and at least you did not force him to join in trading, and his willingness to join in trading. However, it is commendable that you took the time to educate your friend and provide resources for him to learn more. And, it is up to each individual to weigh the risks and benefits of trading and make their own brilliant decision.

[ololajulo]

There are additional reasons for maintaining confidentiality when it comes to trading cryptocurrency. Firstly, there is a prevailing perception among some that traders who remain invested in cryptocurrency during prolonged bear markets are not perceived as wise or intelligent. Secondly, during bull markets, traders may encounter unwarranted requests for financial assistance, particularly when the widespread awareness and euphoria surrounding cryptocurrency are at their peak.

[Rigon]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Since you told him about all the risks involved, you never went wrong, you did the right thing in the first place. But from your words, I understand that your friend has a lot of desire to know. You teach him with maximum effort and you must clearly show him the picture of the loss from your trading. Especially if you don't take him to the futures trading platform in the first place. Futures trading platform is one such platform where one small mistake can result in the loss of all one's money. So I would like to tell you that you better teach him about spot trading in the first instance. Because in the spot trading platform, even if there is a loss in the first stage, there will be a possibility of recovery later.

[Silberman]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Your friend is the one that took the initiative of asking you questions about what you were doing, so in the case they try to become traders and they fail you have no reason to feel guilty about it, as you are warning them about all the possible dangers that they could possible encounter, yet they could still blame you as this is simply human nature, so be very careful how you say things to your friend from now on, and always tell them that at the end whatever decision that they take is their responsibility and not yours.

[Husires]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

[Mr. Magkaisa]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

    -    Entering cryptocurrency trading is possible if you say it's not a joke, Yes, it really can be a source of income if you have a deep understanding of it, because if your understanding of it is not that deep, you cannot engage in crypto trading activity here in the crypto space.

Because if the step we take is rash, our hard work here will surely go to nothing if the step we take is wrong of course.

[Hamza2424]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

The risk involved in trading is obvious but with the passage of time when a trader uses it he learns trading risk management. So there is no reason to be shy if you really share information in a genuine way because this is the universal fact that every business involves risks of failure.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

This is very common with fellow mates, they usually try to pick up new things always, and there is only a 5% chance such types of Rockies are going to start trading. You don't need to be uncomfortable he is your friend guide him well. He will understand and pick your tips more intentionally than a stranger teacher. This is your responsibility as well if your friend is facing some type of financial issue and you think of it that trading skills may help him. Just guide him that he should stay aways form the Future market.

Reading a few comments on Copy trading I would strongly recommend not trying to copy trading at the start of your journey because it will directly effect your learning phase. 

[Minecache]

~snip~
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It's an unpleasant feeling, I was in your situation, and I was unlucky when my friend lost money a few days later. Although he didn't blame me for trading on his own without consulting me, I was always annoyed that I was the one to guide him to this market. If it's my money, I'll never get upset, but it's someone else's money, I always feel a bit guilty. That's why I don't want to give anyone any offer or investment advice, even though they say they will take responsibility for everything.

[cydrix]

When you are good at what you do, you shouldn't talk about these things with your friends or family. Some of them won't believe you, some will get envious, and some will try to learn but do a terrible job of it. It will get boring having to deal with all those different folks in the end. Why put effort into them when you can increase your income instead? Your friend is likely to make a mistake, lose money, and then hold you responsible. Nope. Avoid doing that. It is preferable to avoid discussing any aspect of money matters.

[Sanitough]

Well, in this case, it doesn't matter whether it's right or wrong, because of course all decisions come back to your friend.
But on the other hand, apart from talking about the risks, you also have to say that trading, especially being a day trader, is one of the actions that new people cannot do. Because seeing from your story, he is a new person in my opinion so in this case it is clear that it will be very difficult and even likely to be impossible to do.
Actually telling is something very good but for the sake of smoothness it's better to also tell him that he won't be suitable for trading because this besides requiring a strategy, this also requires a much more understanding than that and when just trying it without having the slightest basic knowledge it would just be like suicide.

I can sense that your friend has quickly invested without proper education and thorough knowledge on the type of investment that he’s going to enter. You should have warned him in the first place that trading is actually hard for beginners, especially for those who have no knowledge and experience in trading. Yes, it can be profitable in the long run, but it also depends on one’s skills and strategies. If your friend do not have that, clearly he’s up for a suicidal decision.

[SamReomo]

I don't think that you have done anything wrong. When your friend saw you doing trading he became interested to trading. You should not worry about anything, just go to your friend and explain the risks that are involved in crypto trading. Teach him about the basics of Bitcoin in general and recommend him to trade Bitcoin only because it's the safest option for beginners.

Other than that you should also tell him to learn about trading through online courses and other available materials before delving into it. It should be better to guide your friend that crypto market is so volatile, and someone who has not yet developed a strong mind won't be able to go so far in this endeavor.

You should also guide your friend that a trader should have a proper plan for trading, and the person should be an active learner who could learn from the mistakes. Other than that you should also explain that a proper strategy is a necessity for long term trading.

Once you have explained everything in full details now let your friend decide that if he's ready to enter the world of crypto trading or not. If he's ready to start crypto trading then help him with your knowledge in initial days after that he will learn from his experience.

[Mpamaegbu]

I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You would've been wrong if you didn't expose it to him after he became persistent to learn from you. You haven't done anything wrong as long as you also told him the cons and pros of it. Letting him know about the risk and loss side of crypto trading and making him realize that it's not always rosy is the caveat you've applied. If tomorrow he engages in trading and loses, he won't cry to you. If he does, just remind him of the caveat. Crypto trading isn't for the faint hearted, actually.

[usekevin]

Their is not risk in the cryptocurrency trading,if you are ready to hold till the price back to the old price.Because most of the trusted cryptocurrency had their own pattern,So the same price will come twice with certain period of time.If you are doing the trading for the full time,then you are doing of day trading.In day trading,you need to satisfy with the minimum profit as compared to the maximum profit.When the trade with minimum time period,fix the trade profit with the range of 5% as your profit.The five percentage also like you get into the wallet balance,So you can target the money with the percentage of the 7 percentage as the minimu profit from the investment.

[NotHatinJustTrollin]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It is essential to educate others who are interested in trading so that they can make informed decisions. You were honest with your friend about the risks and even recommended a course and platform for him to learn more and get started.

It's important to note that you cannot control the fluctuations in the cryptocurrency market, and there is always risk involved in trading. However, by being transparent about the potential risks, you have done your part in ensuring that your friend understands the risks and can make decisions based on that knowledge.

Ultimately, it is up to your friend to decide whether or not to engage in trading Bitcoin. As long as you have been honest and transparent throughout the process, you have done your part in educating your friend, and he can make a decision based on the information provided.

[Bobrox]

I don't think you have in the wrong position because talked about risk with trading in cryptocurrency, indeed still general explanation about Binance trading maybe your friend try with future not spot trading. I faced with your position not only when recommended some one trading in spot or future they are forget us when earning profit position, but if loss they will fault us because not recommended them which one coins have to trade.

Don't worry, you have right decision talk him about risk when start trading, recommended Binance as exchange market is right decision because most securing exchange but wrong choose when your friend loss their fund depending on their coins for investing or have interested with future trading.

[jrrsparkles]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You did the right thing but don't brag everything on your shoulders, just let them to decide whether they can handle the risk involved in cryptocurrency trading and others meanwhile you can also propose him about try trading using demo account and also teach him something basic about technical analysis but don't let him to start day trading as a complete beginner because there is a high chance that he might lose his money and that you expect don't want to happen.

Start with mid term trading and then day trades with small and let's see whether it is working for him or not.

[Stable090]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

When you explain trading to someone that knows nothing about it, if they deposit money and they started trading, whenever they are in profit they will be happy but whenever they are in loss, they will end up getting angry and calling you different names, they will end up saying you introduced them to Ponzi schemes, it’s really difficult to teach someone that knows nothing about trading how to trade.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

Since he is your friend and he wants to learn trading, it won’t make sense if you don’t explain to him but make sure you lay emphasis on the risk associated with trading, and make sure you don’t have access to his wallet, let him know you don’t have access to his wallet, so whenever he is losing money, he won’t think you are the one stealing from him, and also he won’t be able to blame you whenever he is losing because you told him about the risk already.

[milewilda]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long you didnt give him some sort of guarantees or assurance that he would be making money out of trading or crypto investment then it should be fine. It is really giving off that kind of good feeling whenever you do introduce Bitcoin into someone specially with your friend which you do share up the opportunities that it gives because we arent that blind nor dumb not to know on what are the things that it do offers or the benefits
that it do gives when you do get involved into it. If they would really be molding or creating those kind of impression on the time that they would be suffering some losses then just let them be, because self realizations and learnings is something that they would really be having later on.

I don't think you have in the wrong position because talked about risk with trading in cryptocurrency, indeed still general explanation about Binance trading maybe your friend try with future not spot trading. I faced with your position not only when recommended some one trading in spot or future they are forget us when earning profit position, but if loss they will fault us because not recommended them which one coins have to trade.

Don't worry, you have right decision talk him about risk when start trading, recommended Binance as exchange market is right decision because most securing exchange but wrong choose when your friend loss their fund depending on their coins for investing or have interested with future trading.

There are really people who do really mind much about peoples emotion or situation and this is why whenever they do introduce something then they do really mind off about those possible outcome.
We know that crypto investment or trading is really that risky and we dont really like for our friend or someone who do experience up some losses, if he would really be that
serious on dealing with it then just let them be as long you do give out some warnings or cautions about on the certain risks which it is really just that normal.

[goaldigger]

You already told about the risk, and its for your friend to decide either to continue or not.
If your friend asked you for other questions then give only the knowledge you know, but you also need to tell your friend that you will not be responsible for his losses and you can only guide him the rest will depend on him. Trading is not easy, there’s always a risk and this is just a first step for him there’s a lot more to learn.

[Viscore]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

The moment you told him to open a centralized account, you were wrong there. In the first place, you should have not instructed him that way, better to play safe than to carry the blame later on. It’s a very right decision to educate him and tell him the risks when it comes to trading, particularly that he enters trading as quickly as he can be without even making a lot of effort in researching and reading reviews about how dangerous trading is. If he’s really interested, then let him do the research on how to start trading, and not that you are obliged to feed him the details. Trading can be a great way of making and earning profits, but it’s undeniable that a lot who enter trading do not succeed on it, simply because they are not prepared on it, and they don’t have the significant knowledge and skills that a successful trader needs.

[irhact]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You did the right thing, you have told him the risk involved and he still wants to learn so in future if something happens to his capital, you're not liable to that because you have done your part. I'll suggest you don't allow him start trading immediately. Make sure he goes through the course you want to give to him first and make sure he understands what he's about doing before he starts trading

Trading is risky and people can lose all their capitals but that doesn't mean we should stop encouraging people to learn and start practicing when we know trading can change their life's because of the profits that'll be coming into their account and helping them for carrying out other life issues.

[jcojci]

You are right, but you should be able to explain more that trading is not easy and need time to be a pro trader. He should learn more from various sources to improve his analytical skills. You can also teach him about what you know so he can learn from you. Would it be better if you guys could study together?

You have to clarify that you don't use big money to trade, especially if he doesn't have enough knowledge. And don't forget to tell her that trading is not a quick way to get rich.

[gunhell16]

There are really people who do really mind much about peoples emotion or situation and this is why whenever they do introduce something then they do really mind off about those possible outcome.
We know that crypto investment or trading is really that risky and we dont really like for our friend or someone who do experience up some losses, if he would really be that
serious on dealing with it then just let them be as long you do give out some warnings or cautions about on the certain risks which it is really just that normal.

That's why we who know more will guide them as much as we can so that they can learn from their own actual experience so that can see the nature of doing crypto trading in our real life here.

At least, with this experience they can see and say that it is not really easy and there is something to focus on so that we can earn here as individual traders in the cryptocurrency industry. So you are right that this is just normal behavior in crypto trading.

[Yamifoud]

...

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

What you did is right. You're not asking your friend to trade but it was himself finding a way to try. He asks you because he has an interest in it and he owes you actually. He can't blame you either for whatever happens to his trade because, in the first place, you have already explained it so well. Besides, you never hold his money, he is the one controlling it.
Anyways, he would understand more about trading when he gains more experience. Might be hard for your friend to adjust so he always seek your guidance and idea, and don't worry about it as sooner, he is able to stand on his own feet.

[Smack That Ace]

...
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions.

[Russlenat]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Your friend is the one that took the initiative of asking you questions about what you were doing, so in the case they try to become traders and they fail you have no reason to feel guilty about it, as you are warning them about all the possible dangers that they could possible encounter, yet they could still blame you as this is simply human nature, so be very careful how you say things to your friend from now on, and always tell them that at the end whatever decision that they take is their responsibility and not yours.

With how you manage your friend’s conversation with you, it’s really possible that in the end, once he fail from his investment, he might put some blame on you because you were the one who advised him to open a centralized account. Though he’s the one very eager to trade, but at least you should have told him to do his own research before he will decide to trade. Remind him that you’re ready to answer all what confuses him, but be careful on giving advices as it may make him completely believed that you are giving assurance to him.

[jaberwock]

When you are good at what you do, you shouldn't talk about these things with your friends or family. Some of them won't believe you, some will get envious, and some will try to learn but do a terrible job of it. It will get boring having to deal with all those different folks in the end. Why put effort into them when you can increase your income instead? Your friend is likely to make a mistake, lose money, and then hold you responsible. Nope. Avoid doing that. It is preferable to avoid discussing any aspect of money matters.

Lately I keep seeing the phrase "move in silence". Maybe this relates to what you are telling there. We should be silent on what we are doing. Just let them approach you if they need a help and we must not hesitate to help them according to our own knowledge.

There are some experts who like to share what they know and they can also use their knowledge to make money by selling a course or offer a mentorship program. Sometimes it's only about our preferences. His friend is a newbie so yes, mistakes are expected but I know his friend won't blame the OP. He will just ask for another advice and encouragement which the OP should provide because he is his friend.

[Oilacris]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long you arent giving out some guarantees on making profits then you should be fine.Usually people do make out some argumentation or really have those kind of blaming on the time that they would really be making some assurance that profits is really that in sure manner. We know that this market is really indeed speculative or something unpredictable on which it would really be just that right that you should really be having those speculative approach too but in the sense you've been using those traditional method which is to make use of technicals and fundamentals.

You cant really just simply be able to find yourself succeeding on this industry if you havent realized on what are the things that you must do in order to survive out.This isnt just on
putting up money and just simply carelessly make out some actions without any basis because this is where people do commit out mistakes.

[Josefjix]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Bitcoin has kept so many traders alive. I am the breadwinner for my family, and I am expanding my capacity in various fields of business, both online and offline. All of these quests in order to pay bills. You are correct in providing him one of the reliable routes to making easy money with learned knowledge. Working and building out ideas will be the aides that make money for you in the market. Cryptocurrency is risky, he needs to keep that in mind. If he is keen to learn about bitcoin, show him every legitimate method and teach him everything since cryptocurrency is not something we can afford to keep hidden from our colleagues.

[iv4n]

...
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions.

I talk about crypto since 2015, many around me didn't know anything about crypto 8 years ago. I never felt uncomfortable when I was trying to bring the crypto world closer to them (to those who were interested to listen). Even now I try to explain to them about the crypto itself and all the opportunities, and one of them is definitely trading. I always try to point out all the risks associated with crypto and all crypto stuff around us (trading, staking, gambling, mining, etc), and I repeat many times they shouldn't invest more than they can afford to lose if they decide to give it a try. And of course, if they stuck at some point I will help in any way I can.

[puloweh555]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As a friend, you have done your job well, providing accurate and transparent information about the risks associated with investing or trading cryptocurrencies. So I think you don't need to feel guilty about your friend because the most important thing in crypto trading is teaching a friend about risks and giving him knowledge about trading on binance.

Meanwhile, you have also given him guidance by sending him a hard copy of the crypto course he will understand that investing in cryptocurrencies or trading carries a high level of risk and is not suitable for everyone. While there is a large profit potential, there is also a significant risk of losing capital. But Bitcoin is a safer choice for beginners in long term trading. I think you've tried to be a resource for your friend and help him understand the concepts related to trading crypto.

Of course, the final decision on whether your friend is ready to enter the crypto trading market should be made by him based on his own knowledge even if the market starts to dump you don't need to feel uncomfortable or guilty because you taught him from the start. However, you should still provide support and guidance that can help him develop his skills and knowledge in trading crypto.

[Gallar]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

For this reason, all the actions you take must be well calculated and mature, so that no side effects will befall you in the future. Moreover, this is related to other people, it will definitely be even more big risk for you in the future, because this problem is related to the realm of investment. But because you have taught your friends about investing in crypto, so in essence what you have to do now is teach your friends as a whole about investing in crypto, so that your friends can think more deeply about their decision to invest in crypto. If you have told and taught your friends about all the things needed to invest in crypto, such as telling the risks that must be faced, how to analyze the market and how to get profits. If you have taught all things related to crypto investment to your friends, and your friends continue to invest, in this position you don't need to worry anymore, because you have taught your friends about all the science of investing in crypto.

[DevilSlayer]

...
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions.

I talk about crypto since 2015, many around me didn't know anything about crypto 8 years ago. I never felt uncomfortable when I was trying to bring the crypto world closer to them (to those who were interested to listen). Even now I try to explain to them about the crypto itself and all the opportunities, and one of them is definitely trading. I always try to point out all the risks associated with crypto and all crypto stuff around us (trading, staking, gambling, mining, etc), and I repeat many times they shouldn't invest more than they can afford to lose if they decide to give it a try. And of course, if they stuck at some point I will help in any way I can.

I don't usually open it to other people on what I do especially if they are on another field like people who doesn't have any interest on discussing investments and other topics regarding financila literacy. Actually, people around me doesn't know that I'm a full time trader because I never tell them. I only tell it to some people who have same interest with me like with my internet friends who are also a trader because they are the people who can understand me and can help me to become more better trader and better person. I do not really like the idea of forcing someone to become an investor or a trader because I understand the risk and I understand the uncertainty of the market.

There are a lot of new traders and investor who are entering in this market with wrong perception because they think that they can easily become successful once they put their money in their trading account without knowing that their mindset is not yet that ready. Those new traders and investors do not aware to the uncertainty of the market which is there are no guarantee that they can make a money from their investment. If you force someone to become investor or a trader, then you will be liable once they burnt their capital or their trading portfolio. The best move is to just let them be, only teach them things regarding investment and trading if they approach you first.

[CarnagexD]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

That's hilarious!, the worst thing you could do is to introduce your friend in trading futures! hahahahah. He probably now using the max leverage available to get most profit he could have. Your friend will absolutely learn his lesson the hardest and most expensive way.

But! if he is really persistent enough he will take that lesson and move forward. Learn more about trading and improve his system along with himself to really make trading work from him. You do not need to worry yourself. All things will come for a reason.

[monineklutak]

...
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions.

I agree with that because if you explain the benefits then most people tend to join crypto without a second thought,
they need to understand the risks and I think that's much more important,
because investing and trading in crypto is not easy and they have to be aware of that.

[CryptoHeadlineNews]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

For the fact that you were able to share your alternative source of income with your friend, and told him the risk involved and yet he insisted that he should be shown how it works and you went further teaching him, if the price of Bitcoin happens to fall someday and he tends to lose a fraction of his deposit, I see no reason why you should be worried, but only if you never told about how Bitcoin works as a fluctuating digital currency whose value always rise and fall. Because what I think you should be worried about now is for him not trying a "Future trade" where he absolutely knows nothing about and end up losing all his funds. Because of what benefit will it be that you are a rich good trader and yet all your friends are poor, which is why in this life we should always strive to lift others by showing opportunities of making money after we may have found one.

[omgitsmehehe]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

For the fact that you were able to share your alternative source of income with your friend, and told him the risk involved and yet he insisted that he should be shown how it works and you went further teaching him, if the price of Bitcoin happens to fall someday and he tends to lose a fraction of his deposit, I see no reason why you should be worried, but only if you never told about how Bitcoin works as a fluctuating digital currency whose value always rise and fall. Because what I think you should be worried about now is for him not trying a "Future trade" where he absolutely knows nothing about and end up losing all his funds. Because of what benefit will it be that you are a rich good trader and yet all your friends are poor, which is why in this life we should always strive to lift others by showing opportunities of making money after we may have found one.

Teaching the basis of trading and how entirely the market operates is an amazing thing to displayed. Bitcoin is an opportunity for us to help one another from finance struggles. We rise by lifting others, helping a friend with useful information will aides him to be independent in the market and also grab good entries in the market. Bitcoin is a strong project and we ought to stick to what brings passive income and food on the table. Do not look down on anybody, because one can never predict what the outcome of the future hold.

[death69]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long you arent giving out some guarantees on making profits then you should be fine.Usually people do make out some argumentation or really have those kind of blaming on the time that they would really be making some assurance that profits is really that in sure manner. We know that this market is really indeed speculative or something unpredictable on which it would really be just that right that you should really be having those speculative approach too but in the sense you've been using those traditional method which is to make use of technicals and fundamentals.

You cant really just simply be able to find yourself succeeding on this industry if you havent realized on what are the things that you must do in order to survive out.This isnt just on
putting up money and just simply carelessly make out some actions without any basis because this is where people do commit out mistakes.

Cryptocurrency trading – picture a rollercoaster where loops and plunges are replaced by bullish bears and oodles of FUD. As a crypto lover, there's no foolproof cash-making method in this realm. It's a balancing act of risk-taking and bracing for turbulence. But here's the kicker – as much as I'm into crypto trading, I know the perils. Hence, I've devised a can't-fail recipe for wealth. Step 1: Plow all your moolah into Bitcoin. Step 2: Await lunar liftoff. Step 3: Profit party!

Nah, just joshing. Don't dive headfirst, seriously. But for reals, while crypto ain't foolproof, tweak your tactics to boost the odds. Like, hone in on primo projects with killer fundamentals and a buzzing fanbase. It'll help cut some risk. Plus, keeping cool amid chaos helps sidestep impulsive moves you'll bemoan later. In the end, crypto investment's a go-big-or-go-home situation. But if you're game to learn and forge a wicked investment scheme, the potential loot is life-altering. Just buckle up – it's a thrill ride, baby.

[lalabotax]

.....
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Honetly, I know this situation.
Although they may say it's okay, it will be different when they see their assets are decreasing. But, if we are not telling them and teaching them about yrading, they say that we are too arrogant because we are considered unwilling to share our efforts to get money. Sometimes it's a dilemma, they think it's quite easy seeing us succeed. But unfortunately they sometimes don't understand and don't want to know about the various obstacles and experiences that we have been through.

so here, you don't need to think too much, just let him learn. What is resilient, you have explained the risks and it is also not you who offers, but he who asks.

[ScamViruS]

You are right, but you should be able to explain more that trading is not easy and need time to be a pro trader. He should learn more from various sources to improve his analytical skills. You can also teach him about what you know so he can learn from you. Would it be better if you guys could study together?

You have to clarify that you don't use big money to trade, especially if he doesn't have enough knowledge. And don't forget to tell her that trading is not a quick way to get rich.

People's thinking is that you are making profit by trading and making your living, means now they want profit like you. But they will not see how hard you have worked to get this far, instead they will pressure you to give them trading signals so that they can earn almost for free without any effort!

They can be advised to develop trading skills, but in reality they are mostly not interested in developing trading skills through hard work. The real problem here is that if you bring someone into the market to trade, the pressure they put on you may cause your trading activity to be interrupted due to distraction.

[Silberman]

You are right, but you should be able to explain more that trading is not easy and need time to be a pro trader. He should learn more from various sources to improve his analytical skills. You can also teach him about what you know so he can learn from you. Would it be better if you guys could study together?

You have to clarify that you don't use big money to trade, especially if he doesn't have enough knowledge. And don't forget to tell her that trading is not a quick way to get rich.

People's thinking is that you are making profit by trading and making your living, means now they want profit like you. But they will not see how hard you have worked to get this far, instead they will pressure you to give them trading signals so that they can earn almost for free without any effort!

They can be advised to develop trading skills, but in reality they are mostly not interested in developing trading skills through hard work. The real problem here is that if you bring someone into the market to trade, the pressure they put on you may cause your trading activity to be interrupted due to distraction.

And this is a problem that is very common, when someone sees that you are having some sort of success the first thing that they think is that if you can do it then they can do it too, and in fact they are not wrong on that belief, but they do not want to work hard for it just like you did, they want you to give them a shortcut so they can become as successful as you are but without working anywhere near as hard as you did, and as we know that is never going to work, because anything that is worth anything in this life is going to cost you, and cost you a lot.

[Marvell1]

You are right, but you should be able to explain more that trading is not easy and need time to be a pro trader. He should learn more from various sources to improve his analytical skills. You can also teach him about what you know so he can learn from you. Would it be better if you guys could study together?

You have to clarify that you don't use big money to trade, especially if he doesn't have enough knowledge. And don't forget to tell her that trading is not a quick way to get rich.

People's thinking is that you are making profit by trading and making your living, means now they want profit like you. But they will not see how hard you have worked to get this far, instead they will pressure you to give them trading signals so that they can earn almost for free without any effort!

They can be advised to develop trading skills, but in reality they are mostly not interested in developing trading skills through hard work. The real problem here is that if you bring someone into the market to trade, the pressure they put on you may cause your trading activity to be interrupted due to distraction.

And this is a problem that is very common, when someone sees that you are having some sort of success the first thing that they think is that if you can do it then they can do it too, and in fact they are not wrong on that belief, but they do not want to work hard for it just like you did, they want you to give them a shortcut so they can become as successful as you are but without working anywhere near as hard as you did, and as we know that is never going to work, because anything that is worth anything in this life is going to cost you, and cost you a lot.

I also admit that it is too common, which is what many people think. I remember when I was introduced to forex trading by a friend, I also asked him to give me signals because I saw him making a lot of money. He could not refuse my request, but after many successes in that way, we also failed many times. Since then, I realized I was putting pressure on my friend because he could not always make a profit. I decided to learn everything on my own and not make it difficult for my friends.
It can be said that inviting someone to participate in trading will put us in a dilemma, and a lot of unwanted problems will occur. We should refrain from doing it, even if it is our loved ones.

[Trinx01]

That's risky, before engaging in trading cryptocurrency, it would be better if he would learn first about cryptocurrency and some basic knowledge about it before engaging in trading or investing because doing those things without any prior knowledge about it would be a bad ending. The worst case is he might blame you for every loss he will have in the future.

[Crypto Library]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.
 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I don't think you need to worry too much about it, it is good that your friend wants to invest in Bitcoin and you have shown him its positive and negative sites and I think that's enough for you.
And since your friend is a beginner at trading, I would suggest your friend to invest in Bitcoin only for the long-term, if you see that currently, Bitcoin price is still less than half from its all-time high, now if he invests in Bitcoin. Then the next halving can be expected to achieve a good profit, and therefore he should first make a long-term investment in Bitcoin if he is interested in investing.
And after giving those suggestions, you should mention to him a little more that,
 * Invest at your own risk, and never invest without analysis
 * And invest as much as you can afford to lose.

[Strongkored]

Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

As long as you don't advise your friend to buy a coin then that's fine, and if you have told him about the risks then he should already understand every risk that will be faced in trading.
What often makes people feel they are being scammed is that because they don't get the appropriate information, it is recommended to buy a coin with the lure of getting big profits but the opposite happens.
Don't forget to also tell him to only use the money he can afford to lose, because that will be enough to help your friend if the trade goes badly, because losses won't harm his finances.

[rat03gopoh]

I don't know if am wrong or right for opening up, even though I told him of the risk involved.[/b]

Yeah, that's the right move. You have to talk about risks everywhere until someone accepts that it's the consequences of this business that must be borne personally. Sometimes a person's curiosity is too great to prevent it.
You can let him trade with only the minimum deposit allowed on binance (I think it's $10) and see what your friend will do next when really faced with the risk of losing.

[Finestream]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You know, there’s always this humanity side of us that as much as possible, we can offer help to those who are in need of it. However, we should also be careful on what type of help that we can extend to them, otherwise it will only make them miserable later on. That’s how I see your status right now. It’s not bad to educate your friend actually, but do not cross the line. Just let him decide on his own. If he really wants to trade and be successful, then he should work for it. You should have told him to educate himself more by making thorough research in the internet. I guess with a lot of youtube videos available, he will surely get an idea from them.

[Odusko]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other people to engage in trading because of the risk involved.

This kind of behaviour is not only peculiar to your situation alone because most of us who went through the rigorous process to become experts in whatever we do find it hard to explain to others what the it took us to achieve such confidence and skill.
Trading is one of the high-risk ventures in the cryptocurrency space and at that, and to become a good trader one needs to go through a lot of losses and rough rime but if you press on with trading even though you are losing money, so not all newbies can handle such bad experience and that is why most people who are involved in such as passive trading will rather keep it secret and keep pressing on without involving any third party same way with bitcoin holding.

[GreatArkansas]

(....)
 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

You don't need to feel sorry about it, you can guide him and always give him advice or caution about cryptocurrency. As long as you are giving him good advice then all good, but be careful also with your advice, tell him always it's not guaranteed and always remind him that he may lose his money when doing this especially it is about cryptocurrency trading.

[Dr.Bitcoin_Strange]

@OP, As long as the person is eager to learn, then you are not making any mistake; the only mistake you will make is not telling them that trading will make them lose some funds in the early stages. Tell him or her that they are at their own risk, and you shall not be held responsible for any loss they incur.

Even spot trading is at least less risky for me compared to futures trading. But the only problem with spot trading is knowing the right token to buy and when to buy them, because you could just buy at a particular time and the next morment, you are already losing some percentage of your funds due to a price dump, but at least the coin will still be in your account and the price can still rise after some times, but in the future trading, once your money is gone, it's totally gone for real. So, just make sure you explain to the person what's really involved in trading.

[Cryptomiles1]

One thing I must tell you op is that his passion and interest matters a lot because there are some people who don't have passion or interest but would want to venture in trading due to the profits. If you have fully explained everything to your friend then let him decides for himself whether to further continue the trading or not, so that when there is any lost then he would bear the consequences by himself. The best is to open up to him and roll along with him otherwise him might make silly mistake and still run back to you.

[shinratensei_]

you should be more passive when it come to these kind of things, your friend want to do trading and learn, you just give them resource to binance's tutorial and you're set no need to take the blame, if your friend got profit he'll not share with you but if he lose you'll take the blame sounds like really bad deal honestly, therefore if i was you, i'd just let him learn on his own and just give caution about the risk involved of losing money here and there.

moreover, i think someone with common sense should know that every decision in trading is coming from the traders itself not someone else, there's absolutely no reason that you gonna be accused as a scammer, even if they did, that just means that they don't really understand, but my advice still stands, if someone want to learn trading they should be learning from the proper resource coming from the platform that makes profit off their trades and most of these platform don't lack any resources.

[bitterguy28]

He is persistent in asking so why feel like that, you should not mate because in the end it is His money and he will be the one responsible , you are just letting Him had another option how to earn.
as long as you did not lure Him inside to invest then of course no guilt will come to you whatever happens.

[Reatim]

That's risky, before engaging in trading cryptocurrency, it would be better if he would learn first about cryptocurrency and some basic knowledge about it before engaging in trading or investing because doing those things without any prior knowledge about it would be a bad ending. The worst case is he might blame you for every loss he will have in the future.

Thats why He is there as friend , to guide him all the wat , but OP feels bad if something went wrong when this is behind his hands, the interest comes from His friend so let him be.
the more he give advises is the more safer the friend can get.

One thing I must tell you op is that his passion and interest matters a lot because there are some people who don't have passion or interest but would want to venture in trading due to the profits. If you have fully explained everything to your friend then let him decides for himself whether to further continue the trading or not, so that when there is any lost then he would bear the consequences by himself. The best is to open up to him and roll along with him otherwise him might make silly mistake and still run back to you.

and what kind of interest is showing , means he is capable in what ever may come , actually that is the sign that the person in topic is  strong and passionate and that is what crypto market needs nowadays.

[dansus021]

you are not wrong at all if you tell the risk to your friend, trading is risky and do trade on Spot only is the best rather than on futures. because if we are trade on futures it need understand how the market works and time and etc.

I mean I usually tell my family or friend that the crypto world is risky business and sometimes I tell how much I lose or get scammed.

[lienfaye]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Common worries of people who became the reason why a person engage himself in crypto. I understand you well because i'm once in such situation wherein I was held responsible of someone I just helped. But I don't see anything wrong on what you did since you already told him the risk yet he's still interested.

What you can do is help him understand more about trading. Remind him that it's not easy and gaining is not guaranteed. So he will keep in mind that even trading works for you or for other traders who are earning a decent, it's still different for every traders since it depends how knowledgeable and good you are when you trade.

[Awraawra]

The most important thing is you told him the risk in trading that anytime he can lose anytime tell him to start a small amount that he can afford to lose.
Other people they don't like risk but I think your friend is interested so teach him a lot and tell to search more and study more about trading crypto.

[Kelvinid]

...
I mean I usually tell my family or friend that the crypto world is risky business and sometimes I tell how much I lose or get scammed.

At least they know your situation and are aware that not all who come into the crypto space make money so easily and much more on trading.
A reason why we should not force people to come here and join the investment, instead it was their decision to be here and never blame anyone for whatever happen to them. And you OP, you'll nothing have to worry about his situation as you did your part already and it was your friend's decision if he pursues trading or not.
Because your intention is to give him some awareness, ideas, and crypto education, not to scam him.

[Odusko]

Trading Bitcoin is risky truly, but the fact that you are making profits from it due to your experience overtime that aids your trading decision to remain always at a profit position and the money you are making from trading is reflected in your lifestyle and your friends are seeing that impact, it will make it easy for them to remain motivated even when the odds fall against them while trading since you already enlighten the friend on the risk associated to Bitcoin trading.
And also i will suggest, you teach the friend the basic trading techniques that will help him to minimize the risk of loses, and leave him to discover his own trading path since that is the best help you can offer him at this time since he is passively demanding to be thought how to trade.

[LogitechMouse]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Good for you that you are earning thru trading already because you've said that it's your income source already. As for the risk, the risk is higher when the knowledge of the person wanted to trade is lower, and vice-versa. More knowledge = lower risk. Less knowledge = higher risk.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

I don't know the feeling TBH of teaching somebody to trade because I didn't ever shared to anybody that I'm trading, but I know that feeling of being uncomfortable because you might be blamed whenever your friend lose your money because of trading.

Well, you did your part already. As long as you explained the possible risks of trading then I guess let him experience trading, and decide after making some trades. Sometimes, letting the person experience something is the key for them to realize if it's for them or not. Let him trade. If he losses, he might stop trading already.

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

Tell to him that you don't have any liabilities at all if he losses. Tell him that he will not blame you if he losses money because of trading. That will make you safe... I guess.

Overall, I think you're helping your friend, and you are sharing many information already. As for the part where you are saying if you are right or wrong, like I said you did your part already, so I guess there's nothing wrong with that. As long as you shared the information needed, you shared the risks involved in trading, and you already told that he might loss all of his money at the start, then you did the right thing. Like you said, he's very persistent to do trading. Let him trade, and let him decide after getting some experience.

[dansus021]

At least they know your situation and are aware that not all who come into the crypto space make money so easily and much more on trading.
A reason why we should not force people to come here and join the investment, instead it was their decision to be here and never blame anyone for whatever happen to them. And you OP, you'll nothing have to worry about his situation as you did your part already and it was your friend's decision if he pursues trading or not.
Because your intention is to give him some awareness, ideas, and crypto education, not to scam him.

Yeah indeed some people just know that crypto is easy money maker but the truth is different hahaha. and for now I don't recommend people to invest in crypto or usually I always put #DYOR so they can do own research first. Last time I recommend people about crypto he ended up getting lose, mee too actually but I feel guilty I will made the money back someday.

[AicecreaME]

If you explained everything to him about the risk in trading, then you're all good. You didn't force him to do so, he insisted, so clear your mind and just guide your friend whenever he have a question about trading. Always include disclaimers, that'll help too. If your friend really wanted to do trading, I'm sure he knows himself that it is not that easy if he already started doing so.

[Litzki1990]

Since your friend asked you about Bitcoin trading, you should tell him in detail about it. Even if there are risks, you should discuss with him in detail about trading and the risks of trading. Knowing that there is risk in trading but you are trading and with risk you have earned some profit as you have taken the risk so considering the positives and negatives of trading your friend can also take this risk. If he expresses interest in this matter, then you will tell him that if his finances are damaged for any reason, then he is never responsible. You have to take full responsibility.

[xSkylarx]

You are sending the course that you bough right? if ever he really made an account in Binance and verify it then he gets back to you then give the course you bought , for sure the very first of the course or the introductions are tackling about the risk of trading so for sure he is not dumb to not get it. As long as you are not telling him to deposit $100 in trading platform then its okay. Also he is the one who approach you and not the opposite.

[Silberman]

Since your friend asked you about Bitcoin trading, you should tell him in detail about it. Even if there are risks, you should discuss with him in detail about trading and the risks of trading. Knowing that there is risk in trading but you are trading and with risk you have earned some profit as you have taken the risk so considering the positives and negatives of trading your friend can also take this risk. If he expresses interest in this matter, then you will tell him that if his finances are damaged for any reason, then he is never responsible. You have to take full responsibility.

Probably the most important thing to do when you are introducing trading to one of your friends or someone that you know is to lower their expectations, many people really believe the ads they watch online and they think that trading is not only very easy but at the same time the profits they can earn are very high, by reducing their expectations to something more realistic, and even mention them that many newbie traders do not make any money at all, then you can prepare them psychologically to the losses they will inevitably suffer at the beginning of their journey and avoid taking the blame for those losses.

[JayTrain]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

[tjtonmoy]

At this point just tell him that whatever he does from here on out is totally up to him. You can not take his personal decisions and he has to be the one to do it. So the first thing is to learn and gain experience. Then try the main thing.
I guess everything he needs to know, you should teach him. But that all you should do. Everything that comes next is totally up to him. If he's not doing his own analysis and placing his own trades and listening to other's opinion, then all you can do is told him to stop. But never suggest anything. He has to figure it out on his own and learn from his mistakes. Seems a bit harsh, but that's the best way.
And no, you did not do anything wrong. You just showed him the road. Now it's his job to walk on it.

[justdimin]

Overall, I think you're helping your friend, and you are sharing many information already. As for the part where you are saying if you are right or wrong, like I said you did your part already, so I guess there's nothing wrong with that. As long as you shared the information needed, you shared the risks involved in trading, and you already told that he might loss all of his money at the start, then you did the right thing. Like you said, he's very persistent to do trading. Let him trade, and let him decide after getting some experience.

Legally speaking if you do not tell people to buy something, if you just show them how to do something they asked you to, then you will not be responsible for it. If they end up losing money and blame you, that is just blame, at  the worst case you will lose a person in your life, but if you are worried about that too much then don't do it at all, if you are not worried about some blame, then know that it is not going to end up with any trouble at all, it should be a decent situation.

I hope that it will do as well as the friend hoped for, but if it goes south then there won't be any issues, at least not legally speaking and it will not be a trouble. I personally helped a few friends, and they did lose money, but they knew what they were getting into so they understood it had nothing to do with me.

[nara1892]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

Yes, it's true, we have to provide related risks first before going further, we tell them about trading. Usually people who are new to the world of trading do not look at the risks they will experience, they are more focused on the benefits that will be achieved. In fact, in trading the risk of losing is greater, we can lose money in an instant.
We as people who know better about this should not be indifferent to them. The reason is what we must feel like when we lose money, and it really hurts. In the end when we have told them, it is up to them whether they want to continue with their intention or not.

[borovichok]

It's important to be honest about the risks involved with cryptocurrency trading, and it's good that you shared this information with your friend. It's always a personal decision whether or not to share trading advice, as there is always a risk involved in any investment. However, it's important to make sure that people are aware of the risks and that they have access to information that can help them make informed decisions. If you're uncomfortable giving advice, it's perfectly acceptable to direct your friend to educational resources and let them make their own decision. Ultimately, it's up to each individual to decide if they are willing to take the risk of trading cryptocurrency

Before entering the market, we informed our acquaintances about the perils and high risks associated in trading cryptocurrencies. It is always beneficial to enter the market with a proper solid mindset, one that will either make massive losses or enormous riches from the market.  The place is not programmed, but rather intended for individuals who know what they're doing. Trading cryptocurrencies is a legitimate method to create income on your own, as long as you know what you're doing. Cryptocurrency is fraught with dangers, and we are prepared to confront them. No matter what happens, we will remain proactive in the market. 

[Alisha-k]

If everyone decides to stop trading because of the supposed risk involved in trading, how would we have achieved a community filled with people who are enthusiastic, optimistic and pessimistic about trading on a daily..
Dish out has much information you can, and emphasis on the risk, anyone who isn't prepared to take risk is actually on a long thing cause, life in itself is a risk..

What if you acquire a big investment today, with knowledge away from your loved ones and you end up not seeing the next day, just what if??

[Fivestar4everMVP]

To be honest, the OP's story is something majority of us experience including myself, I have some really good friends whom ordinarily, I would have introduced crypto to most of them, but very reluctant to do so, simply because, like the op shared, I don't wanna end up taking any blame for anyone who looses their money in a trade..

It is always better for them to find us trading, and on their own, ask to be taught, In this regard, I won't feel any discomfort if I already clearly made them understand the risk involved.

[bitgolden]

Before entering the market, we informed our acquaintances about the perils and high risks associated in trading cryptocurrencies. It is always beneficial to enter the market with a proper solid mindset, one that will either make massive losses or enormous riches from the market.  The place is not programmed, but rather intended for individuals who know what they're doing. Trading cryptocurrencies is a legitimate method to create income on your own, as long as you know what you're doing. Cryptocurrency is fraught with dangers, and we are prepared to confront them. No matter what happens, we will remain proactive in the market. 

I think it is quite important to actually make a difference in the end, but that doesn't mean that we will be able to actually do something about what they think, you can't meddle with other peoples thoughts, it is what they think and as long as they think it that way, you can't change it. Don't we all feel like if only people think the way you think, and you show everyone the right way to live would be better?

We all imagined if we could just change some group of people to think the "right" way, which happens to be yours, we all do feel that. However, there are unfortunately too many people who will think very differently to what you think, and this will cause them to think of this situation differently too, and that's just something you have to learn to live with.

[Baoo]

In my opinion, you shouldn’t have advised him to use Binance exchange due to it is a centralized exchange, they basically require KYC verification and the assets are not controlled by users. For me, I would rather use decentralized exchange than CEX despite they are not easy to use and provide only basic features unlike CEX.
The more you have funds, the more risky to deposit them on Decentralized exchange.
And to be honest, you have not made any mistake OP, there is no need to blame yourself. The risk always existing in trading, your friend will definitely face some troubles in the beginning, that’s normal and once he gains experience, the risk of loss money will decrease.

[ScamViruS]

If you explained everything to him about the risk in trading, then you're all good. You didn't force him to do so, he insisted, so clear your mind and just guide your friend whenever he have a question about trading. Always include disclaimers, that'll help too. If your friend really wanted to do trading, I'm sure he knows himself that it is not that easy if he already started doing so.

Most of the people who come to trading come from seeing the success of their friends/relatives traders. As a result, they are busy thinking about profit faster than learning. From my own experience, helping my friends in trading, they want to profit by trading based on signals rather than building skills. As a result, they ignored all the warnings given to them and joined the signal group for trading, and quickly exited the market after trading with that signal and losing money.

[rozak]

In my opinion, you shouldn’t have advised him to use Binance exchange due to it is a centralized exchange, they basically require KYC verification and the assets are not controlled by users. For me, I would rather use decentralized exchange than CEX despite they are not easy to use and provide only basic features unlike CEX.
The more you have funds, the more risky to deposit them on Decentralized exchange.
And to be honest, you have not made any mistake OP, there is no need to blame yourself. The risk always existing in trading, your friend will definitely face some troubles in the beginning, that’s normal and once he gains experience, the risk of loss money will decrease.

there is a tendency for those who like trading to prefer CEX exchange. related to volume and also assets that can be an alternative to trade.
This risk can be overcome when they have completed daily trading so they can withdraw their money from the Exchange. or if it takes a longer time they can use less capital.
however investing and trading still have risks. so stay careful when we will put our money.

[Silberman]

You won't know until you try something. Only the result can show the correctness of the choice. There are no other ways.

While we will never know the result of anything until we try, we can in fact make an educated guess of what it may happen if we really think about it, and in most cases those which ask you about your trading results and then want to emulate you are in it just for the money, and while this is not wrong by itself, at the same time you can be sure most of them will not have the necessary discipline and desire to learn you had, making them incredibly vulnerable to suffer losses on the markets and then blame you because of it.

[MIner1448]

When it comes to investing, especially in cryptocurrencies, it is important to be honest and transparent. Your friend should have known all the risks associated with trading cryptocurrencies before he decided to invest his money. To avoid misunderstandings and conflicts, you should have honestly explained to him the risks associated with cryptocurrencies and trading methods. If you don't feel confident that you can explain it, it might be best not to advise anyone to trade cryptocurrencies.
In addition, you should also be prepared for the fact that the cryptocurrency market may change and you may lose your money. It is important to remember that investing always involves risk and no one can guarantee success.
If your friend does decide to invest in cryptocurrencies, it is important that they study the market on their own and understand how trading works. Never invest more than you can afford to lose.

[dunfida]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

There's nothing wrong on sharing up the idea and things you've been doing, the only wrong thing is on the time that you would really be making out some guarantees into someone that they could make money out of

trading which we know that it cant really be that possible.We know that this is something that wont really be that so simple in speaking about sustainability. Trading is something that giving out that kind of sure profits
because we are dealing on a market which is really that totally unpredictable or random which there's no way that we could be able to make assurance that we could really make money.

We know that results or outcomes doesnt always that would be similar if ever it did happen to you or into others but doesnt mean that it would really be the same into those who are just recently
trying out to get involved with .Results and outcome could really be affected with lots of factors because decision making by a veteran person is really that totally different if you do compare on those
someone whose completely noob.

[blockman]

You won't know until you try something. Only the result can show the correctness of the choice. There are no other ways.

And that friend of mine might blame him for having a bad result. You know that people nowadays are looking for interesting things but then if they fail, they look for someone who's to blame for their actions for having an unfavorable result.
It's already there @OP and you'll never know how he's going to react to the losses. Let him learn his trades and experiences until he's the one to open up to you that he's going to continue or he's already given up. Don't make yourself accountable for that as you've just shared and never encouraged and convinced him to trade. Whatever the result will be, it's his fault.

[Mate2237]

I don't know why you are even uncomfortable, or you don't want to tell anyone about trading before? You supposed to be bold and sound to tell anyone who wants to hear and learn because trading is not a personal business and it is a general business which means anyone who is interested can go into it without fear and treble.
You are not investing  for him but you are only telling how to invest so if he is interested to let do that after the class. By you saying you are uncomfortable, you were not willing to teach him. You have to be in the comfortable zone to teach the step so that the awareness will go far and it will not stagnated in one place. If you are facing the risk and conquer it then any other interested person can also do that.

[taufik123]

There's nothing wrong on sharing up the idea and things you've been doing, the only wrong thing is on the time that you would really be making out some guarantees into someone that they could make money out of
-snip-

If you give guarantees to others that the advice will provide benefits, it is not right.
Because giving financial or investment advice to others will not be fully guaranteed.
If there is a mistake or not appropriate, then the advisor will be guilty in this case, yes but it is also at their own risk.

-snip-
Let him learn his trades and experiences until he's the one to open up to you that he's going to continue or he's already given up. Don't make yourself accountable for that as you've just shared and never encouraged and convinced him to trade. Whatever the result will be, it's his fault.

Learning trading with his own experience will be better, it will make him more independent and know what to do.
Be sure to warn about the risks of trading that will occur so that no one is blamed when getting losses.

[blockman]

-snip-
Let him learn his trades and experiences until he's the one to open up to you that he's going to continue or he's already given up. Don't make yourself accountable for that as you've just shared and never encouraged and convinced him to trade. Whatever the result will be, it's his fault.

Learning trading with his own experience will be better, it will make him more independent and know what to do.
Be sure to warn about the risks of trading that will occur so that no one is blamed when getting losses.

True.
That's why we don't dictate what one must do with their finances and how they're going to trade. We all have our own instincts and what we think is going to be the best for us.
It's not going to be easy for the beginners but it's best for them to explore and discover the ins and outs of trading and let them assess if they'll stay or not based on the experienced that they've gained.

[Bitcoin_people]

On your part you have given your sufficient amount of knowledge maybe your friend could not gain good experience from there. You asked him to adopt common knowledge about crypto but he might be interested in investing without understanding for extra profit. However, if you want to trade futures, you must keep some money in reserve so that when the market goes down, liquidation can be added. I think futures trading is not good at all for newbies but it is most risky so spot will be good for them. You must make your friend understand well in this situation that one should never invest without skill. If you invest without skill there is a possibility of losing money by falling under the scams so this matter should be fully observed. Of course newbies have to follow the market and analyze and then join the investment only then there will be no loss.

[irhact]

In addition, you should also be prepared for the fact that the cryptocurrency market may change and you may lose your money. It is important to remember that investing always involves risk and no one can guarantee success

You're very correct with your reply, cryptocurency investment or trading is very risky so anybody that you're introducing to the market has to know every possible thing that could go wrong due to the volatility in the market so Incase it happens you'll not be held responsible for the person losses. Tell them how quickly the market can dump and not only how they can profit when the market rises.

It's best to be very transparent so the individual that you're introducing into the market can be very aware and prepared for any movement the market makes. Don't lie about the market as you might be the reason they invest everything into the market and loses it all.

[Bushdark]

We shouldn't always be very careful the way we refer people to some certain things that can be very risky. We need to disassociate ourselves from telling people who are very about investing in the Crypto market to try and learn the skill before diving into investing and trading in the market. If you tell someone about trading and you did not inform them about the risk that is involved as an investor or trader, they will always accuse you of making them lose there funds because you are not careful enough to let them know about how the market works and those various risks that can be attached.

It is even better we abstain ourselves from telling people about how to trade than letting them have a minute knowledge that will make then enter the market and lose there funds.

[Inwestour]

On your part you have given your sufficient amount of knowledge maybe your friend could not gain good experience from there. You asked him to adopt common knowledge about crypto but he might be interested in investing without understanding for extra profit. However, if you want to trade futures, you must keep some money in reserve so that when the market goes down, liquidation can be added. I think futures trading is not good at all for newbies but it is most risky so spot will be good for them. You must make your friend understand well in this situation that one should never invest without skill. If you invest without skill there is a possibility of losing money by falling under the scams so this matter should be fully observed. Of course newbies have to follow the market and analyze and then join the investment only then there will be no loss.

A beginner should always start with spot trading and with a small amount of money, because in the early stages, losing money is inevitable and even if it is a small amount, it will not be a significant loss, but it will be sufficient to draw conclusions, from the mistakes made.

Let at first there be an understanding that this is a test amount and a test period, when you can try how trading is a suitable business for making money. No matter how one person tries to explain to another his principles of trading, everyone will act in his own way, it seems to me that it is impossible to teach a person trading so that he can eventually repeat all your actions, each trader will see the situation in his own way and, accordingly, buying, selling and results everyone will be different.

[AnonBitCoiner]

If you have teach him about the risk involved then don't worry it's now up to him and up to his luck that how he manipulate the things. I think that everyone should be aware of the risk involved after get enter into this business.

I think no one should blame one another as everyone has their own mind and thoughts so no one is such a fool to invest money blindly without investigation. If a person ask you about something then tell him the truth but never force him to do so because everyone has the ability to go through the details and then invest nothing is impossible if a person tries to do it accurately.

You are not wrong you have just tell him what he wants to know and now its his decision that what he wants to do.

[Ultegra134]

I don't know why you are even uncomfortable, or you don't want to tell anyone about trading before? You supposed to be bold and sound to tell anyone who wants to hear and learn because trading is not a personal business and it is a general business which means anyone who is interested can go into it without fear and treble.
You are not investing  for him but you are only telling how to invest so if he is interested to let do that after the class. By you saying you are uncomfortable, you were not willing to teach him. You have to be in the comfortable zone to teach the step so that the awareness will go far and it will not stagnated in one place. If you are facing the risk and conquer it then any other interested person can also do that.

The issue is actually a little broader. From my understanding, the OP is a little uncomfortable discussing cryptocurrencies and his income through trading, which is understandable because I also prefer not to mention this matter so much. This generally depends on the person, but cryptocurrencies are usually presumed to be something exotic that only a few know about, and such conversations are often goofy and pretty much pointless because explaining the whole concept of cryptocurrencies and making money off them can't be that simple.

More often, the discussion is always steered towards how they can make money through them, expecting a direct answer like it's a simple step-by-step process, which is something I hate, because usually they're being pushy and keep asking you, but we all know that it's not that simple.

[justdimin]

If you have teach him about the risk involved then don't worry it's now up to him and up to his luck that how he manipulate the things. I think that everyone should be aware of the risk involved after get enter into this business.

I think no one should blame one another as everyone has their own mind and thoughts so no one is such a fool to invest money blindly without investigation. If a person ask you about something then tell him the truth but never force him to do so because everyone has the ability to go through the details and then invest nothing is impossible if a person tries to do it accurately.

You are not wrong you have just tell him what he wants to know and now its his decision that what he wants to do.

You said each has their own business? That's true and that is why there are people who invest blindly because they are not wise or knowledgeable than the other but it does not mean that they can not lose anymore. Losing is still there but it can only occur rarely to them.

If someone approach us, we don't need to force them anymore but this is better than the other way around because they will shoulder the consequences and will only blame their own self if the plan didn't go well. When a newbie enters, the most common thing they want to know is if it's profitable. Just don't lie and say yes but also tell them the catch. It's okay if they get discouraged. It does not totally affect the adoption anyway as it's only a tiny part.

[Rupok]

You mentioned only Binance's trading method. Apart from Binance, there are many trading sectors in cryptocurrency.  All exchanges and wallets related to cryptocurrency trading should be aware of how they work and all the risks associated with investing.Many new investors have lost money in cryptocurrencies.  Just as trading requires money, it also requires knowledge.Cryptocurrencies Many people don't want to believe, even though your friend is interested in cryptocurrencies, but when you see that your friend has lost all his money in cryptocurrencies, he will get angry with you.Although you can share everything related to cryptocurrency with your friend, do what works best for both of you.

[Peanutswar]

Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.

Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how  I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.

 I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

People will approach us as always when they see that we are doing trading they serve more curiosity on them it is really way to earn money here?, it is not a scam?, people think trading is just place your money and let your money makes more money to you while you are sleeping but they keep ignoring the possible risk on this because they focus on the earning. Better to let him know more about trading because in that thing you can get a trading buddy and you can both exchange an idea with your trading journey. Let him know the basics until he knows the other way to know and to earn. Just observe yet if they still curious once they lose their money.

[Faisal2202]

Dear OP, I think you did nothing wrong as he was persistent and he is the one to ask you to teach him about crypto, and who knows how good he will become in trading. Maybe he will cross you, as it all depends on the mentality of one. As many people just want to make money when they see making someone and they only focus on the good side while they ignore the downs of it.

You should have told him the same feelings that you have shared in your post and told him that crypto trading is full of risk and also you must have shown him the losses you have made. Because if he has seen only profits then he is totally in for gains and ignoring losses. Well, the good side is, you will have a crypto buddy with whom you can share your crypto trading theories.

[LUCKMCFLY]

Since your friend asked you about Bitcoin trading, you should tell him in detail about it. Even if there are risks, you should discuss with him in detail about trading and the risks of trading. Knowing that there is risk in trading but you are trading and with risk you have earned some profit as you have taken the risk so considering the positives and negatives of trading your friend can also take this risk. If he expresses interest in this matter, then you will tell him that if his finances are damaged for any reason, then he is never responsible. You have to take full responsibility.

Probably the most important thing to do when you are introducing trading to one of your friends or someone that you know is to lower their expectations, many people really believe the ads they watch online and they think that trading is not only very easy but at the same time the profits they can earn are very high, by reducing their expectations to something more realistic, and even mention them that many newbie traders do not make any money at all, then you can prepare them psychologically to the losses they will inevitably suffer at the beginning of their journey and avoid taking the blame for those losses.

You are right about it ,I think that one of the things that you should talk to a friend about is to consider that if you put money in the market it has to be for investment (in the long term, it is better) and that you have to Refrain from taking that out losing money,or being a Market speculator, and when you Realize that bitcoin has a very high potential to rise, that its last ATH was close to $70k and that the next one may be close to $200k, don't I think there is another Motivation, because only in this way to have money, buy bitcoin and save it is the best thing to do.

[Zilon]

I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.

I feel if the chance to do close mentorship will not be there there is no point releasing the video to your friend to avoid a situation where wrong understanding of the concept taught becomes what is applied.

Trading is one skill that requires patience and discipline and this two can only be achieved through close mentorship, Knowledge about trading can be learnt anywhere including online videos and books but when the discipline is lacked it will difficult to apply the knowledge correctly.

[MFahad]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

Right because if you consider trading as a sole way of earning so if you sometimes don't succeed to earn then you will not have any other option to get money to manage expenses. If a person has a salary but not enough then trading is a good way because if unfortunately you don't win there will already be a choice of your salary which will then be satiable for life expenses. controlling of emotions is also very important so be patience with your saving otherwise it will be risky for you.

[rozak]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

Right because if you consider trading as a sole way of earning so if you sometimes don't succeed to earn then you will not have any other option to get money to manage expenses. If a person has a salary but not enough then trading is a good way because if unfortunately you don't win there will already be a choice of your salary which will then be satiable for life expenses. controlling of emotions is also very important so be patience with your saving otherwise it will be risky for you.

those who invest and trade really shouldn't make it their main income. it's not just a matter of emotional control, it's really important. but no less important, a gambler must wisely share their main income from work done for trading or other activities. the most important thing is not to interfere with the family finances.
I don't know if there really are day traders who make trading their main income to make ends meet. maybe there is but that is a day trader with a fairly established capital.

[xSkylarx]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

Right because if you consider trading as a sole way of earning so if you sometimes don't succeed to earn then you will not have any other option to get money to manage expenses. If a person has a salary but not enough then trading is a good way because if unfortunately you don't win there will already be a choice of your salary which will then be satiable for life expenses. controlling of emotions is also very important so be patience with your saving otherwise it will be risky for you.

Basically, it's a side hustle, but let's not talk about those professional traders that are really good in trading as they are fulltime on it and they invested a lot of their time and money on it. Let's just talk about the same thing to us, which is that it is very impossible to go fulltime without any backup source of income. It is better to have another stable source of income like a job or, let's say, a business that can provide your needs because in trading, it is not always profit, it is not always you will win your entries. There are times that your portfolio is in red. That is why it is better to be ready for those times than only expecting the green days.

[cute nmp]

No need to hide anything from him,Think it is better to tell him all about trading and the risk it involves and that it is a game of wins and losses,cause nobody can avoid them.You can help him with Trading courses, Tutorials and some educational materials.Help guide him through the learning process who knows he may learn the process and be a profitable trader like you someday.

[awik p]

It is a mistake to consider trading as a sole source of income, and the risk of this error increases if the person supports his family or has to fulfill some payments such as the costs of a loan, a house, a car, or any financial activity related to a certain time, such as electricity bills and rent.

Trading can be considered an additional source of income if you can bear the risks resulting from it, and it is easy for you to lose that money, but you are ambitious and plan to make the most of that money and multiply it.

Here, trading will be acceptable, but with a rewarding financial return, due to the ease of controlling your emotions and not needing money with time restrictions.

Right because if you consider trading as a sole way of earning so if you sometimes don't succeed to earn then you will not have any other option to get money to manage expenses. If a person has a salary but not enough then trading is a good way because if unfortunately you don't win there will already be a choice of your salary which will then be satiable for life expenses. controlling of emotions is also very important so be patience with your saving otherwise it will be risky for you.

those who invest and trade really shouldn't make it their main income. it's not just a matter of emotional control, it's really important. but no less important, a gambler must wisely share their main income from work done for trading or other activities. the most important thing is not to interfere with the family finances.
I don't know if there really are day traders who make trading their main income to make ends meet. maybe there is but that is a day trader with a fairly established capital.

day trader there is a daily job. if capital indeed they use large funds. but they don't put all their money into trading or investing in the online world. diversification in various business fields is carried out to obtain a source of income. at first it was income from trading, but after profit sharing, there are funds allocated to other business or investment fields, for example property or the business of opening a coffee shop so that the finances get stronger and have a more stable psychological impact, of course by being able to control emotions affecting performance their trades

[IvugeoEvolutionCoin]

No need to hide anything from him,Think it is better to tell him all about trading and the risk it involves and that it is a game of wins and losses,cause nobody can avoid them.You can help him with Trading courses, Tutorials and some educational materials.Help guide him through the learning process who knows he may learn the process and be a profitable trader like you someday.

I have seen people who trade most of the time keep an eye on the cryptocurrency market. If you want to trade you need to keep an eye on the cryptocurrency market. If you choose the right coin you can make a profit. If you invest in the wrong coin you will  There will be a risk of losing money. I think first we need to start trading with a good understanding of the market.

[BitcoinTurk]

I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It will suffice to tell him that trading in cryptocurrency market is risky and that he must carefully control the risk. In addition, if you specify that he should have knowledge about the market, follow the news and do his own research before taking any action, there will be no situation where you have to take responsibility.
It is also necessary to remind your friend to trade in the cryptocurrency market with his savings that he does not need in short or mid term, because a beginner can lose all his savings in cryptocurrency market as a result of greed, and this can hurt him a lot.

[Inwestour]

those who invest and trade really shouldn't make it their main income. it's not just a matter of emotional control, it's really important. but no less important, a gambler must wisely share their main income from work done for trading or other activities. the most important thing is not to interfere with the family finances.
I don't know if there really are day traders who make trading their main income to make ends meet. maybe there is but that is a day trader with a fairly established capital.

If at some point the investment can bring in enough money that you no longer need to work, then I see no point in continuing to go to work, even if you like it. And in this case, you will have the opportunity to continue to invest and make it your main income. I'm not sure if the same can be done in trading, especially if you are talking about day trading, for me it is associated with the same work that requires my daily presence.

[Silver005]

My dear, for me I didn't see anything wrong with what you did ooh, and what you feel in the first place is also good, because it's because of the attitude of some people that makes you feel that, and at last you behaved maturedly, and I salute you my dear,you have done what a Christian needs to have done to his or her friend and if anything happens after he or she will not blame you at all,, and when he or she become rich and if he is a wise person he will never forget about you in his or her entire life because you are the person who made him or her what he or her is today....

My brother I am talking with an experience that I have had with some people,i have been told to participate in this kind of thing you are talking about, things like MMM, I did and lost my money there,but I didn't complain to anyone even the person that introduce me to it, even as of this month now someone also introduce me to site like that which I did and I still lost My money too, even as much as I told the person who introduced me that I will not do this again because of my past experiences but she promise me that she is going to pay me back if the money lost and we agreed on that,but later on,when I the money lost i didn't confront her I let everything go..so that is just it my dear, it's all about understanding ok..

[bittraffic]

I don't know if am wrong or right for opening up, even though I told him of the risk involved.

It will suffice to tell him that trading in cryptocurrency market is risky and that he must carefully control the risk. In addition, if you specify that he should have knowledge about the market, follow the news and do his own research before taking any action, there will be no situation where you have to take responsibility.
It is also necessary to remind your friend to trade in the cryptocurrency market with his savings that he does not need in short or mid term, because a beginner can lose all his savings in cryptocurrency market as a result of greed, and this can hurt him a lot.

Explaining how to trade to someone without experience even on stock market will take more than weeks. There is too much to consider before dipping one leg to this market unless OP guide his friend in every step.

These few weeks and possibly in the next few months, the market will experience a lot of turbulence and this will be a setback traders trying to live off the market. What I can suggest let the newbie trade in the bull run, so he can taste the greatness in crypto. Let him stop trading in bear.  Its less risky.

[Hypnosis00]

No need to hide anything from him,Think it is better to tell him all about trading and the risk it involves and that it is a game of wins and losses,cause nobody can avoid them.You can help him with Trading courses, Tutorials and some educational materials.Help guide him through the learning process who knows he may learn the process and be a profitable trader like you someday.

I have seen people who trade most of the time keep an eye on the cryptocurrency market. If you want to trade you need to keep an eye on the cryptocurrency market. If you choose the right coin you can make a profit. If you invest in the wrong coin you will  There will be a risk of losing money. I think first we need to start trading with a good understanding of the market.

Perhaps, it was the minimum requirement before trading otherwise, like many other traders out there who lose their money a few days after the start. So, we have to heavily think about it but we don't bother ourselves also thinking about the risk because it can lessen once we fully understand trading and how it works, and most of all, if we know how to analyze the market trend. We don't need to be perfect, mistakes is possible but all of these things can be changes when we have experience.

[Dr.Osh]

when you have explained about the risks, and he accepts it, then you are beyond that responsibility. if you still feel bad about it, then stop giving information about trading to him, and tell him to find out the information himself. tell him that when you have started, then come to yourself and share about his experience. However, if you still want to guide him, then try to minimize risk by using a minimum deposit on an exchange to do a trial error in trading. maybe $10 is enough. I'm pretty sure that he will get an idea of what trading really is and the risks involved. However, it's all beyond your responsibility, and you don't need to feel bad about this, in fact, you are giving new knowledge to your friend.

[xSkylarx]

when you have explained about the risks, and he accepts it, then you are beyond that responsibility. if you still feel bad about it, then stop giving information about trading to him, and tell him to find out the information himself. tell him that when you have started, then come to yourself and share about his experience. However, if you still want to guide him, then try to minimize risk by using a minimum deposit on an exchange to do a trial error in trading. maybe $10 is enough. I'm pretty sure that he will get an idea of what trading really is and the risks involved. However, it's all beyond your responsibility, and you don't need to feel bad about this, in fact, you are giving new knowledge to your friend.

But if he continues to give guidance, I think it is better to do it on demo by teaching him to read the chart because if you deposit $10 while still guiding him, it is still useless. It is better to make him deposit the money and try his own strategy so that he can learn from it. It is really debatable on this, as others don't want a demo while learning as there is no feeling in it, but this depends on what he wants. But for sure, you are still worried right now, so don't give him more advice.